Loss example sentences

But any gain or loss on the sale of asset is taken to the Income and Expenditure Account of the year.Accounting period refers to the span of time at the end of which the financial statements of an enterprise are prepared, to know whether it has earned profits or incurred losses during that period and what exactly is the position of its assets and liabilities at the end of that period.The owners of business are keen to have an idea about the net results of their business operations periodically, i.e. whether the business has earned profits or incurred losses.The amount received as premium is credited to 'securities premium account' whereas amount of discount allowed is debited to “loss/discount on issue” and is written-off over the years.The discount/loss on issue of debentures is a capital loss or a fictitious asset and, therefore, must be written-off during the life time of debentures.If however, the total expenses exceed the total revenue, the difference reflects the loss.The Income and Expenditure Account serves the same purpose as the profit and loss account of a business organisation does.The term 'business risks' refers to the possibility of inadequate profits or even losses due to uncertainties or unexpected events.Any profit or loss made on the encashment of Debenture Redemption Fund investments is also transferred to Debenture Redemption Fund Account.Balance Sheet, Profit and Loss Account and Cash Flow Statement.The investors, for example, may be interested in knowing the extent of profit or loss earned by the firm during a given period and compare it with the performance of other similar enterprises.Transfer the profit/loss on sale of investments reflected in the balance of Debenture Redemption Fund Investment Account to Debenture Redemption Fund Account.Exposure to noise for a long period of time may lead to hearing loss.The balance of this amount is transferred to the profit and loss account.The amount received as premium is credited to 'securities premium account' whereas amount of discount allowed is debited to “loss/discount on issue” and is written-off over the years.